#MBOX🔥🔥 MBOX/USDT Technical Analysis (Binance Weekly Chart)

Current Price: $0.0641 (+20.72%)

The chart indicates that MBOX has broken out of a long-term downtrend and has rebounded from the support level at $0.0364. Based on volume and RSI, there is a strong possibility of a bullish bounce. MA(7) and MA(25) are approaching a bullish crossover.

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Potential Targets:

Short-Term Targets:

1. $0.10 – Psychological and technical resistance

2. $0.18 – Previous support, now acting as resistance

3. $0.26 – Key EMA/MA resistance zone

4. $0.34 – Previous high and potential breakout level

Mid-Term Targets:

5. $0.41 – Former distribution zone

6. $0.50 – Psychological resistance and historical sell-off level

7. $0.65 – $0.75 – 2023 consolidation zone

Long-Term Targets (in a Bull Market):

8. $1.00 – Major round-figure resistance

9. $1.45 – Near previous market peak

10. $2.00+ – Possible if a major bull run occurs (based on historical patterns)

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Pro Tips:

The market is just beginning to break out of a bearish trend.

If volume confirmation and positive sentiment continue, a major move is possible.